MIRA INFORM REPORT
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Report Date : |
17.09.2011 |
IDENTIFICATION DETAILS
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Name : |
EURO DIAMOND CO., LTD. |
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Registered Office : |
146, Bongik-dong, Jongno-gu, Seoul, Korea, Rm. 304, 3FL., Golden Tower, Zip Code 110-390 |
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Country : |
South korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
13.11.2002 |
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Com. Reg. No.: |
110-81-59340 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesales of Jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company Name |
EURO DIAMOND CO., LTD. (Korean Company Name : “(주)유로다이아몬드”) |
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Registered Address |
146, Bongik-dong,
Jongno-gu, Seoul, Korea |
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Building |
Rm. 304, 3FL., Golden Tower |
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Zip Code |
110-390 |
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Tel |
+82-2-743-1487~8 |
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Fax |
+82-2-743-1486 |
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E-mail |
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Website |
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Trading Address |
Rm. 304,
3FL., Golden Tower, 146, Bongik-dong, Jongno-gu, Seoul, Korea |
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Tel |
+82-2-743-1487~8 |
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Fax |
+82-2-743-1486 |
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Type |
Import/Export |
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Industry |
Wholesales of Jewelry |
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Main Business |
Jewelry, Diamond |
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Established (mm/dd/yyyy) |
11/13/2002 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Diamond gemstones(54121501) |
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Sell |
Fine jewelry necklaces(54101502) |
CEO’s
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Name |
Kim Young-Yol |
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Address |
Suite 202-2202, 63-387, Hangangno
3-ga, Yongsan-gu, Seoul, Korea |
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Date of Birth |
03/22/1957 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
50,000,000 |
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Employees |
7 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Woori Bank-Chungjungro Branch |
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Corporate Registered No. |
110111-2651936 |
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Business Registered No. |
110-81-59340 |
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Permit & Licenses |
Int’l Trade No.: 45060667 |
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Shareholder Position |
N/A |
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Company History |
11/13/2002
Incorporated as the present name 07/31/2003 Moved to the present address
from 188-2, Chungjeongno 2-ga, Seodaemun-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Kim Young-Yol |
Male |
Korean |
11/23/2005 |
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Director |
Mr. |
Kim Jin-Kwon |
Male |
Korean |
03/10/2005 |
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Auditor |
Mr. |
Jeong Young-Kil |
Male |
Korean |
03/10/2005 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
1,741,000,000 |
588,000,000 |
-85,000,000 |
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2007 |
1,909,000,000 |
629,000,000 |
83,000,000 |
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2006 |
1,263,000,000 |
597,000,000 |
53,000,000 |
The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issues Shares |
5,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Total Assets |
588,000,000 |
629,000,000 |
597,000,000 |
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Current Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
479,000,000 |
436,000,000 |
487,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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Capital Adjustment |
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Total Equity |
109,000,000 |
193,000,000 |
110,000,000 |
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Liab. &
Shareholder’s Equity |
588,000,000 |
629,000,000 |
597,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Sales |
1,741,000,000 |
1,909,000,000 |
1,263,000,000 |
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Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
-85,000,000 |
83,000,000 |
53,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Jewelry, Diamond |
Trade Partners & Competitors
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Competitors |
GP DIAMONDS LTD. 2ND FL., HANMI JEWELRY COMPLEX, 64-1,
MYO-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-766-4880 FAX:+82-2-745-4880 SAMSHIN DIAMOND CO., LTD. SAMSIN BLDG., 598-6, SINSA-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-540-3344 FAX:+82-2-540-2779 YEJI JEWELRY B1, YUNGGI BLDG., 614-3, SINSA-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-515-9983 FAX:+82-2-515-9184 |
Sales by Region
(Activity &
Markets)
The subject imports
from Israel, Belgium and India.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.47.47 |
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UK Pound |
1 |
Rs.74.96 |
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Euro |
1 |
Rs.65.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.